Sigma Spring 2010 2010 Corporate Projects Advisory Coca-Cola Team Members: Eric Johnson, Jane O’Donnell, Nicole Sanhamel, Joseph Threatt Advisor: Piyush Kumar The project for Coca-Cola North America featured two key portions, one being an online survey and the second being online qualitative research through a Facebook group of respondents. The survey focused on usage, attitudes, and perceptions of a variety of brands, and explored these with both qualitative and quantitative questions. The survey also featured two new research tools pioneered by UGA’s Piyush Kumar. The tools included a brand difference map generated by dynamically coding qualitative responses with a proprietary semantic engine and a tool for measuring a brand’s vulnerability to competitors in a purchase situation. Colgate-Palmolive Team Members: Michelle Carrier, Raluca Corobana, Laura Dahlgren, Matt Stenger Advisor: Rich Fox Colgate was interested in evaluating consumer perceptions and the usage experience of a recently launched product among college students. The goal was to diagnose low trial and repeat rates among this consumer group and to determine the best ways to increase product excitement and repeat purchases. To achieve these objectives, the Colgate team conducted a two-phase research study. A qualitative phase that consisted of product placement and follow-up focus groups was the predecessor to a quantitative phase utilizing an online survey (distributed via Facebook). The different team members have alternated roles over the course of the project, allowing each to develop skills related to leadership, project management, report writing, and analysis. This project was a great way for a team to apply methodologies and skills learned through coursework. dunnhumby Team Members: Garrett Brewer, Kimberly Carrasco-Gregory, Xiaona Hu, Lena Lyepyenina Advisor: Charlotte Mason The team worked as dunnhumby research consultants for a large CPG client who specializes in the Air Care category. The team used dunnhumby’s web-based business intelcontinued on page 2 Board Update After several years of chairing the advisory board, James Mendelsohn, Vice President, Capital One Financial is stepping down. The MMR program has benefited greatly under James’ leadership, and we thank him Miller for his outstanding service. James and Capital One will continue to serve on the advisory board. Jeff Miller, president and CEO of Burke, Inc., is the new Chairman of the MMR Advisory Board. With changes in the MMR Director position and board chair, the role and structure of the Advisory Board is currently in a state of transition. Since coming on board in the summer of 2008, Charlotte Mason and the board have been rethinking all aspects of the Advisory Board. One of the outcomes of these early discussions has been the realization that the Executive Partner model of board composition and governance may have run its course. In its place, a steering committee has been established to serve as the primary interface between the MMR Program management and the Advisory Board. The memcontinued on page 4 projects continued from 1 ligence software to analyze category trends, pinpoint specific problems and offer our client real-world solutions. This project was an excellent learning tool, as the team worked closely with three dunnhumby researchers who provided a tremendous amount of information about retail research consulting. Eli Lilly Team Members: Laura Engstrom, Celina Iglesia, Susan Little, Dan Meinwald Advisor: Son Lam Eli Lilly asked the team to determine whether there is a link between brand performance and corporate brand equity and to investigate differences between endocrinologists and primary care physicians, as it relates to the study. By merging smaller datasets into a single database, the team applied data mining analytical techniques to render insights. Dimensions that drive market share were identified. In addition to utilizing quantitative tools learned in class, the team demonstrated their skills in project management. Vistakon Team Members: Amy Caira, Lindsey Coker, Michael Perri, Jeff Russell, Michael Whalen Advisor: Candice Hollenbeck The Vistakon team developed a multi stage study to determine how college students use the Internet to gain information about and make purchase decisions regarding contact lenses. This study included three stages of research. The first stage involved evaluating secondary research on the nature of the contact lens industry and the role of the Internet on consumer decisions. Next, the researchers conducted focus groups to discuss the specific role of the Internet in the process of gathering information about contact lenses. The information that surfaced from the focus groups spurred the development of Internet tasks given to informants during the third stage of the study. During these tasks, the informants searched for contact lens information online while researchers observed. After the task, the informant and researcher had in-depth interviews regarding the search process. From the Director CONGRATULATIONS MMR CLASS OF 2010 A week ago today, I joined our current MMR class and their families for a final graduation dinner in Athens before they start the next stage of their professional lives. Despite the struggling economy and weak job market, the MMR class of 2010 fared well. 90% of the class has job offers with a number of students choosing between multiple offers. Our graduates are heading to locations throughout the country—including Mason Georgia, Florida, Virginia, Ohio, Arkansas, New York, Connecticut and Washington, DC. WELCOME CLASS OF 2011 In a few short weeks, the class of 2011 will take up residence in Athens – arriving from Alabama, Arkansas, California, Florida, Georgia, Illinois, Kentucky, Michigan, Minnesota, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Wisconsin, Singapore, China and Turkey. That the Terry MMR draws students from such a wide geography and that employers equally distant seek our graduates is evidence of the reputation of the program and our students. It is key to the continued success of the program that we attract both excellent students and employers across the nation and world. INCREASING COMPETITION AMONG MMR PROGRAMS Graduate programs in Marketing Research and the recent emergence of similar programs in ‘Marketing Analytics’ are small in number compared with MBA programs. As a result there are no rankings by BusinessWeek, U.S New & World Report, or Financial Times. Word-of-mouth and web searches are how most students ‘find’ us. I believe we have the best program going – but the competition is increasing. Michigan State is about to launch a MMR program and in January, 2010 Columbia University approved a three-semester Master of Science in Marketing “to fill the need for more analytically trained market researchers.” EXPANDING NEED FOR PROFESSIONALS IN MARKETING RESEARCH Recent best-sellers including Competing on Analytics, its sequel Analytics at Work, The Numerati, and SuperCrunchers: Why Thinking-by-Numbers is the New Way to Be Smart taut the possibilities for analytically based decisions. And marketing is front and center in this analytical surge: “I think marketing is the new finance. In the 1960s and 1970s we got interesting data and a lot of analytic fire power focused on that data. So we saw huge gains in understanding performance in the finance industry. I think marketing is in the same place: now we’re getting a lot of really good data, we have tools, we have methods, we have smart people working on it. ” — Wall Street Journal, interview with Hal Varian, Chief Economist at Google, July 19, 2007 Varian goes on to offer the following career advice: “If you are looking for a career where your services will be in high demand, you should find something where you provide a scarce, complementary service to something that is getting ubiquitous and cheap. So what’s getting ubiquitous and cheap? Data. continued on page 4 2 • MMR Newsletter Spring 2010 New Faculty Additions Guiyang Xiong recently completed his PhD in Marketing at Emory University. He received his Bachelor of Business Administration with a major in Finance from Fudan University in China. Prior to starting his PhD study at Emory, Guiyang worked at MasterCard International in Shanghai and Citigroup in Shanghai. Guiyang’s research interests are in the areas of the marketing-finance interface, B2B marketing, social networks, social media, new product management, and entrepreneurship. Guiyang’s research study, “Transforming Social Capital into Financial Value in IPOs: The Moderating Role of Absorptive Capacity in Young Technology Firms’ B2B Relationships,” is part Xiong of his dissertation and has been selected as a winner in the 2008 Institute for the Study of Business Markets (ISBM) Doctoral Award Competition. Anindita Chakravarty is completing her PhD at Pennsylvania State University. She received her undergraduate degree in Chemistry and her MBA in India. She worked as a sales manager for a major bank in India for two years where she was responsible for direct sales to small and medium enterprises. Anindita’s dissertation research focuses on marketing decisions that are essentially tradeoffs between two equally important strategies. She is investigating how such decisions are made in firms, as well as how such decisions influence financial returns. Anindita is also interested in new product innovation and the innovative uses of the internet in marketing new products. Chakravarty Anindita has published her research in the International Journal of Research in Marketing and has papers forthcoming in the Journal of Marketing and the Journal of Interactive Marketing. Andrew Kaikati is completing his PhD at the University of Minnesota. He also has an MBA degree from Washington University in St. Louis, an Honors Bachelor of Science degree in Marketing from Saint Louis University, and worked for several years in management consulting and brand management. Andrew’s research interests include word-of-mouth, social influence and persuasion, and effects of personal values on consumer behaviors. His dissertation work focuses on examining underlying drivers of word-of-mouth communication about products and services. Andrew has published papers in Journal of Personality and Social Psychology and California Kaikati Management Review, and he has a paper forthcoming in the Journal of Marketing Research. His research has been presented at the ACR and SCP conferences. Alumni Corner 1984 Charles Eden was promoted in November 2009 to Senior Vice President at Burke, Inc. Charles also celebrated his 25th anniversary with Burke in 2009. He manages Burke’s client service office in Atlanta, GA. 2002 Meggie Dimitrova is currently the Manager of Strategic Insights within the Professional Oral Care division of Colgate-Palmolive. 2003 Samy Markdolker will move to ORC (Opinion Research Corporation) in March 2010 to establish their operations in South East Asia with HQ in Singapore. Previously, Samy was with TNS Singapore. 2006 Juli Pomerantz, (MMR ’06), and Jeff Russell, (MMR ’10) were married on March 13, 2010 in Fort Lauderdale, Florida. Juli is currently a Consumer Research Manager at The Kroger Co., and Jeff will be returning to Directions Research as an Analyst this May. Master of Marketing Research Robert T. Sumichrast, Dean Charlotte Mason, Director, MMR Richard Fox, Graduate Coordinator, MMR Jamese Meyer, Program Coordinator, MMR Maria Celina Iglesia (MMR ’10), Newsletter Coordinator The University of Georgia Terry College of Business, Brooks Hall, Athens, Georgia (706) 542-0426 • www.terry.uga.edu/mmr/ Spring 2010 MMR Newsletter • 3 from the director Board continued from 2 continued from 1 And what is complementary to data? Analysis. So my recommendation is to take lots of courses about how to manipulate and analyze data: databases, machine learning, econometrics, statistics, visualization, and so on.” (http://freakonomics.blogs.nytimes. com/2008/02/25/hal-varian-answers-your-questions/) bers of the Steering Committee are: TERRY MMR MEETS THE CHALLENGE The need for well-trained market researchers is stronger than ever. The Terry MMR was the first Master’s in Marketing Research and, of course, is still the best. We are expanding our faculty with new hires focused around quantitative skills so that we can keep not just abreast of, but ahead of current analytical trends. Our graduates are up to date with the latest developments and ready to start on day one. That is why they are so sought after. However, long term recognition also depends on our alumni and other ambassadors of the program. Keep your eyes open for prospective future MMRs – people with an interest in market research, an aptitude for the skills involved, and – ideally – some experience in the field. When you find the right candidates, point them our way! • • • • • • • • The Steering Committee will formally meet twice a year, immediately preceding general Advisory Board Meetings. In addition to the Steering Committee, three standing committees have been established. These committees represent enduring roles for the board in its service to the program. Board members will align themselves with one of these ongoing committees: • On-Site Company Visits • • For the spring semester, the class was invited back to visit MMR Research Associates in Roswell, GA, and BBDO in Atlanta, GA. The class also visited User Insight, a full-service user experience research firm in Atlanta, GA. These visits provided insightful perspectives in marketing research. The main speaker from MMR Research Associates, Bruce Olsen, discussed how to deliver effective reports and communicate insights to clients. He was later joined by Brian Stifel of Home Depot during the question and answer session. In the BBDO visit, the class had the opportunity to learn about creative development research and the emergence of social media. Additional topics covered in the visit included brand & advertising evaluation and customer relationship management. During the User Insight visit, the class was exposed to qualitative research techniques for enhancing online user experience. 4 • MMR Newsletter Board Chair - Jeff Miller Chair Emeritus - James Mendelsohn President of theUGA MMR Alumni Association Chris Miller Chair of Corporate Outreach Committee Michael Anderson, dunnhumby USA Chair of Student Skills Committee - pending Department Head / MMR Director - Charlotte Mason MMR Graduate Coordinator - Rich Fox MMR Student of the Year (ex officio) Raluca Corobana (MMR ’10) Corporate Outreach Committee - Michael Anderson, Chair • Provides a link between the MMR program and the larger marketing research industry. • Activities include recruiting Board members, industry public relations and marketing, student placement, and project sponsorships. Student Skills Committee - Pending • Focused on ensuring MMR students are well prepared for industry employment. • Activities include recommendations on Seminar Series topics, emerging topics/issues in the industry, “soft skill” development such as consulting and leadership. Alumni Engagement - Chris Miller, Chair • Help channel the significant asset that is the MMR alumni toward the betterment of the program. • Activities include oversight of the Mentor program, student recruitment, and fund raising. The Steering Committee, while in its infancy, is currently rethinking what it means to be a member of the MMR Advisory Board. The role of the Board itself, its composition, its value proposition to member companies, and the structure of the financial obligation are all under review. More information about the direction of these deliberations, and the outcomes from the standing committees will be shared as they become available. The goal is to have an active and engaged board that brings value to the MMR program and receives value from their participation in return. There is a great deal of energy from both board members and the MMR program leadership to work though these transition issues so a stronger board can emerge that can better help to move the program forward. Spring 2010